Mike Wants to Start His Own Laundry Service

question 39

Multiple Choice

Mike wants to start his own laundry service.However,he intends to first study the market and consider factors such as who his competitors are,how they function,their market shares,and how he can attract prospective customers before he decides whether his plan is viable.Mike is engaging in ________.

• A)benchmarking
• B)entrepreneurial risk management
• C)feasibility analysis
• D)exploitation
• E)angel investing

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Definitions:

Appetite Hormones

Biological substances that influence appetite and food intake, such as ghrelin and leptin, playing crucial roles in hunger and satiety signals.

Hypothalamus

A small region of the brain located at the base, crucial for hormone production and regulation of essential bodily functions including temperature, thirst, and hunger.

Ghrelin

A hormone produced mainly by the stomach that stimulates appetite and promotes food intake.

Pancreas

An organ in the abdomen involved in the digestion process and the regulation of blood sugar levels by producing enzymes and hormones like insulin.